Amendment To Contract Extension Agreement Template for India

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Key Requirements PROMPT example:

Amendment To Contract Extension Agreement

"I need an Amendment To Contract Extension Agreement to extend our IT services contract with TechPro Solutions for an additional 24 months from January 2025, including updated pricing terms and new service level agreements for cloud storage services."

Document background
The Amendment To Contract Extension Agreement is a crucial document used when parties wish to extend their existing contractual relationship beyond its original term while potentially modifying certain provisions. This document type is particularly relevant in the Indian legal context, where it must comply with the Indian Contract Act, 1872, and related legislation. It is commonly used when businesses need to continue their relationship but require updates to reflect current circumstances, such as revised pricing, updated service levels, or modified terms. The document typically includes reference to the original agreement, specifies the extension period, details any amendments, and confirms which original terms remain unchanged. It's essential for maintaining clear contractual relationships and preventing disputes about the terms of the extended agreement. This type of agreement is widely used across various industries in India, from IT services to manufacturing, and requires careful consideration of both the extension terms and any amendments to ensure they align with current business needs and legal requirements.
Suggested Sections

1. Parties: Identifies all parties to the amendment agreement, ensuring they match the original contract parties

2. Background: References the original agreement, its date, and any previous amendments, explaining the need for current amendment and extension

3. Definitions: Defines key terms used in the amendment, including references to defined terms in the original agreement

4. Extension Term: Specifies the new duration of the contract, including start and end dates of the extension period

5. Amendment Details: Clearly states which specific provisions of the original agreement are being amended

6. Continuation of Other Terms: Confirms that all other terms and conditions of the original agreement remain unchanged and in full force

7. Effective Date: Specifies when the amendments and extension will take effect

8. Governing Law: Reconfirms the governing law as Indian law

9. Execution: Signature blocks for all parties to execute the amendment

Optional Sections

1. Price Adjustment: Include when the extension involves changes to pricing or payment terms

2. Additional Services/Scope: Include when the extension includes modifications to the scope of services or deliverables

3. Performance Review: Include when the extension is conditional upon past performance assessment

4. New Terms: Include when introducing completely new terms not present in the original agreement

5. Representations and Warranties: Include when parties need to make new representations specific to the extension period

6. Compliance Updates: Include when new regulatory requirements need to be addressed in the extension

Suggested Schedules

1. Schedule 1 - Amended Clauses: Detailed listing of all clauses being amended, showing both original and new language

2. Schedule 2 - Updated Pricing: If applicable, detailed breakdown of any price changes or new pricing structure

3. Schedule 3 - Modified Scope: If applicable, detailed description of any changes to services or deliverables

4. Appendix A - Performance Metrics: If applicable, updated performance indicators or service levels for the extension period

5. Appendix B - Compliance Certificates: If required, updated compliance certificates or regulatory approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Information Technology

Manufacturing

Professional Services

Real Estate

Construction

Healthcare

Retail

Telecommunications

Financial Services

Education

Energy

Logistics

Hospitality

Relevant Teams

Legal

Procurement

Finance

Operations

Commercial

Business Development

Compliance

Contract Administration

Risk Management

Sales

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Commercial Director

Chief Financial Officer

Operations Manager

Project Manager

Account Manager

Compliance Officer

General Counsel

Senior Legal Manager

Vendor Manager

Relationship Manager

Chief Executive Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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